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The team said it supported Stern's ruling, saying the poor judgment "stands in contrast to everything Abe Pollin stood for throughout his life."
"It brings a little bit of closure to a situation that's been very frustrating, very distracting and bothersome to our organization, to our coaches, to our players, most importantly to our fans," team president Ernie Grunfeld said.
"Now it's time for us to move forward. We have to move forward, we have to regroup."
Arenas, a three-time All-Star and once the face of the Wizards' franchise, will miss the final 50 games of the season. Stern originally planned to follow his normal policy of waiting until the legal process was further along before acting, but handed down the initial suspension after Arenas joked about the gun situation on his Twitter page, then was photographed before a game in Philadelphia pointing his index fingers, as if they were guns, at his teammates.
"I felt that I should do something to keep Arenas from doing -- keep Gilbert from doing -- even further damage to himself and I told him that," Stern said. "We also try to protect (players) from doing things that are foolish and damaging. I felt that Gilbert was in the process of doing that and it was incumbent on me to stop it."
Stern said he would not advise the Wizards on how they should proceed if they sought to void the remainder of Arenas' contract. Hunter warned the union "will respond aggressively to any improper attempt by the team to impose additional penalties."
The Wizards will have to decide if they'll still have a place for Arenas when his suspension ends.
"Bringing handguns into the workplace ... is unacceptable. You can't do it. You want your employees to feel safe, and we're lucky that something worse or something serious didn't come out of it," Grunfeld said. "I think the league has to send a very strong message. We have to send a very strong message also.".
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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